NewHold Investment Corp. II (NASDAQ:NHICW) Sees Significant Increase in Short Interest

NewHold Investment Corp. II (NASDAQ:NHICWGet Free Report) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 6,885 shares, an increase of 427.6% from the April 30th total of 1,305 shares. Based on an average daily trading volume, of 9,326 shares, the short-interest ratio is presently 0.7 days.

NewHold Investment Corp. II Price Performance

NASDAQ NHICW traded up $0.35 on Friday, hitting $2.66. 425,096 shares of the company were exchanged, compared to its average volume of 97,119. The company’s 50 day moving average price is $0.67 and its 200-day moving average price is $0.52. NewHold Investment Corp. II has a twelve month low of $0.20 and a twelve month high of $2.69.

About NewHold Investment Corp. II

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NewHold Investment Corp. II is a blank check company. It intends to complete a business combination with an industrial technology business. The company was incorporated in 2021 and is based in Houston, Texas.

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